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Despite a dip in September sales, Canada’s automarket maintains a robust year-to-date growth, driven by strong performances from key brands. Canada’s automotivemarket experienced a slight setback in September, with sales of new vehicles dropping 3.6 By the end of the third quarter, the market had reached 1.41
automarket, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. Powered by the best data and keenest insights, Cox Automotive developed five themes that offer a collective vision and valuable perspective on the road ahead for the U.S. auto industry.
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Auto dealers are particularly impacted, facing challenges in vehicle availability and profitability. Let’s explore the factors driving inflation in the automotivemarket and discuss strategies for dealers to support their customers through these difficult economic conditions. for used car loans. year-to-date as of June 2024.
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